China has released its 15th five-year plan for the oil and gas sector, setting a production target of 440 million tonnes of oil equivalent by 2030.
Key facts
- •The 15th five-year plan was officially unveiled on August 17.
- •The plan was issued by the National Development and Reform Commission and the National Energy Administration.
- •China targets 440 million tonnes of oil equivalent in domestic production by 2030.
- •The 2030 goal marks a 5 per cent increase over the 2025 output level.
China unveiled its 15th five-year plan for the oil and gas sector on August 17. The blueprint, released jointly by the National Development and Reform Commission and the National Energy Administration, outlines the nation's energy production goals for the coming years.
By the numbers
440 million tonnes
2030 oil and gas production target
5 per cent
increase over 2025 output
Production Targets and Goals
The government aims to reach a domestic oil and gas production level of 440 million tonnes of oil equivalent by 2030. This target represents a 5 per cent increase compared to the country's projected output for 2025.
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This article was independently rewritten by ManyPress editorial AI from reporting originally published by SCMP Business.
